r/Avante

▲ 113 r/Avante+4 crossposts

James Murdoch Buys New York Magazine, Vox Media’s Podcast Network and Vox Website in Deal Reportedly Worth More Than $300 Million

Murdoch’s company has agreed to acquire New York Magazine, the Vox Media Podcast Network and Vox.com. Terms of the deal weren’t disclosed. Lupa is paying more than $300 million for the collection of Vox Media assets, the New York Times reported, citing anonymous sources.

New York Magazine, the podcasts and Vox.com will operate as a subsidiary of Lupa Systems — which will be called “Vox Media.” Other former Vox Media properties Eater, Popsugar, SB Nation, The Dodo and The Verge are not included in the transaction.

“This acquisition aligns well with our existing holdings and investments and reflects both our interest in the forward edge of culture and our deep commitment to ambitious journalism and agenda-setting conversations,” James Murdoch said in a statement. “It will allow us to apply new tools across the businesses we are building, adding substantial production, distribution, and editorial capability to our group.”

The new Vox Media will continue to be led by Jim Bankoff, who co-founded the company and has led its growth since its early days as a network of a dozen grassroots sports blogs. He will be CEO of the new company upon closing.

Lupa’s acquisition of New York Magazine includes its digital vertical sites The Cut, Vulture, Intelligencer, The Strategist, Curbed and Grub Street, while Vox.com includes podcasts like “Today, Explained.” The Vox Media Podcast Network includes shows such as “Pivot” with Kara Swisher and Scott Galloway, “Criminal” and “Where Should We Begin?” with Esther Perel.

“I couldn’t be more thrilled to partner with James and Lupa Systems. Each one of these Vox Media divisions is marked by its strong relevance with audiences, its commitment to quality, and its enormous growth potential. We are incredibly proud to have built and scaled several of the leading media properties of this generation. Together under Lupa’s stewardship we are primed to be the best home for talent and the most dynamic media company of this new era,” said Bankoff in a statement.

variety.com
u/Luzita3 — 1 day ago
🔥 Hot ▲ 10.7k r/Avante+17 crossposts

Bolivian Protesters Shut Down the Country, Demand President Step Down

u/AntonioMachado — 2 days ago
▲ 368 r/Avante+2 crossposts

Video shows German police violently hitting and pepper-spraying protesters as thousands gathered in Berlin to mark the 78th anniversary of the Palestinian Nakba.

u/AntonioMachado — 4 days ago
▲ 17 r/Avante

Sindicato dos Jornalistas vai aderir à Greve Geral e convoca «todas as organizações representativas de quem trabalha a juntar-se»

abrilabril.pt
u/AntonioMachado — 3 days ago
▲ 49 r/Avante+1 crossposts

Júlio Machado Vaz apoia a Greve-Geral de 3 de Junho

@ cgtp.portugal

u/AntonioMachado — 7 days ago
▲ 721 r/Avante+3 crossposts

The urbanization of Tibet under Communism. From a feudal theocratic agrarian society into a fully developed, modern region. All financed by the state since the urbanization of such a remote and backwards region was a "massive loss" financially for decades.

u/AntonioMachado — 8 days ago
▲ 124 r/Avante+1 crossposts

O Chega «anti-tacho» é o único partido com deputados no Conselho de Opinião da RTP. Mais nenhum partido indicou deputados.

abrilabril.pt
u/AntonioMachado — 9 days ago
🔥 Hot ▲ 81.6k r/Avante+8 crossposts

China places its solar panels on water So it can use valuable land for agriculture

u/AntonioMachado — 14 days ago
▲ 196 r/Avante+2 crossposts

"Só mais um empurrão e o Pacote vai ao chão!"

O Partido Comunista Português promoveu esta terça-feira, 12 de Maio, em Lisboa, um desfile sob o lema «Combater o custo de vida. Aumentar salários e pensões. Abaixo o Pacote Laboral». Os comunistas denunciaram o projecto de alteração das leis laborais promovido pelo Governo PSD/CDS-PP e surrepticiamente pela IL e Chega.

https://www.instagram.com/p/DYQH4kyF1K7/

u/AntonioMachado — 9 days ago
▲ 399 r/Avante+1 crossposts

Portuguese activists raised the Palestinian flag at the summit of Pico Mountain, the highest peak in Portugal, in a powerful gesture of solidarity, resilience and support.

u/AntonioMachado — 9 days ago
▲ 26 r/Avante+2 crossposts

Lei laboral: Chega exigiu baixar idade da reforma, mas já diz que não é “linha vermelha”

publico.pt
u/Luzita3 — 12 days ago